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RE: 25 Reasons Steem Will Replace Bitcoin as #1 Cryptocurrency by 2021!

in #dlive7 years ago
  1. If I could be gone with the voting bots, I wouldn't have them at all, but I know most likely that will never happen. But there are things that can be done to fix the payouts such as capping it, or playing out to more the the curators after a certain percentage.
  2. Imo, the power they have now is wayyyyyyyyy to much. Nobody should have these type of power to either upvote you or downvote you into Oblivion with 1 vote. That needs to change. This is definitely a fix they can do.
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I guess what you are saying is break up the monopoly of whales by forcing them divest , it has happened in world with big companies but since there is no ID check behind Steem a whale can just create shadow account and split token amongst them.

I do , however , take your broader point about the problem statement of few players having too much influence to leverage the rewards pool.

Here is a potential solution - once you go above a certain reward value , a % is deducted ( let's call it steem tax ?) and that gets fed back into the system.


Dramatic recreation :Here we see a regular steem user being Fuc$$d by a whale

Here is a potential solution - once you go above a certain reward value , a % is deducted ( let's call it steem tax ?) and that gets fed back into the system.

They will just make more blogs and comment posts with sockpuppets to side-step any threshold.

Sorry there’s no fix for Steem’s reward system. Can’t be fixed. I pointed that out back in 2016.